Page 213 - TSMC 2020 Annual Report

26. OTHERGAINSANDLOSSES,NET
Years Ended December 31
Gain on disposal of financial assets, net Investments in debt instruments at FVTOCI
Loss on disposal of subsidiaries
Gain (loss) on financial instruments at FVTPL, net
Mandatorily measured at FVTPL
Gain arising from fair value hedges, net
The reversal (accrual) of expected credit loss of financial assets
Investments in debt instruments at FVTOCI
Financial assets at amortized cost Other gains, net
27. INCOME TAX
a. Income tax expense recognized in profit or loss Income tax expense consisted of the following:
Current income tax expense
Current tax expense recognized in the current year Income tax adjustments on prior years
Other income tax adjustments
Deferred income tax benefit
The origination and reversal of temporary differences
Income tax expense recognized in profit or loss
2020
1,439,420 -
8,244,491 -
891 (4,563)
426,171 $ 10,106,410
2019
537,835 (4,598)
(2,360,699) 13,091
(6,879) 5,165 665,070
$ (1,151,015)
$
$
$
$
2020
72,705,385 38,701 150,204 72,894,290
(6,275,192) 66,619,098
$
$
2019
45,411,178 196,882
(41,465) 45,566,595
(1,065,068) 44,501,527
Years Ended December 31
A reconciliation of income before income tax and income tax expense recognized in profit or loss was as follows:
Years Ended December 31
Income before tax
Income tax expense at the statutory rate Tax effect of adjusting items:
Nondeductible (deductible) items in determining taxable income
Tax-exempt income
Additional income tax under the Alternative Minimum Tax Act Additional income tax on unappropriated earnings
2020
$ 584,777,180 $ 118,837,423
1,009,758 (65,988,096)
18,872,837 -
2019
$ 389,845,336
$
79,053,188
(4,180,168) (39,808,121)
10,367,916 5,903,794
(Continued)
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